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US CPI, PPI and Fed Speech: Key Indicators for Indian Bitcoin Traders
Indian Bitcoin (BTC) traders are closely watching key US economic data releases, including the Consumer Price Index (CPI) and Producer Price Index (PPI), which are scheduled for release on October 14 at 6:00 PM IST. The US Bureau of Labor Statistics (BLS) will release the September CPI report, with forecasts indicating a rise in headline CPI to 3.6% year-over-year (YoY) and core CPI at 2.5% YoY. The PPI and Core PPI are also expected to be released at the same time, with forecasts suggesting a MoM increase of 0.5% for PPI and 0.3% for Core PPI. Fed Chair Kevin Warsh is scheduled to speak on Friday, October 15, at 9:00 AM IST, and his comments will be closely monitored for insights into the inflation outlook and potential Fed rate decisions. The article also mentions the impact of the RBI's reference rate, which has seen the US dollar fall from ₹96.6149 to ₹95.7485, indicating a stronger rupee. For Indian BTC traders, movements in the dollar and USD/INR will influence local BTC prices. The article also advises traders to manage their position sizes and avoid over-leverage during major events.